Speculation mounts over NCsoft
CEO Kim’s stake sale may have negative effect on new game Game developer NCsoft is attracting unwanted attention after a recent below market price sale of shares in the company by its chief executive evoked much speculation, while a press conference to trail its forthcoming new game is less than a week away. NCsoft is […]
Questions linger over Lee’s involvement
Key questions remained answered Wednesday, even after the prosecution concluded its investigation into illegal surveillance operations by indicting five figures, including former presidential aides for their involvement, among them, former vice knowledge economy minister Park Young-joon. Was President Lee Myung-bak aware of the illicit activities of his aides before prosecutors brought them to justice? Did […]
Colleges in turmoil over election of presidents
State-run colleges are in a whirlwind of internal conflict over the government’s move to scrap the direct election system that chooses the institution’s presidents. Changing the way presidents are picked at state schools is the centerpiece of Education Minister Lee Ju-ho’s college restructuring plan. Professors are resisting the move, alleging that it will endanger academic […]
Park Chu-young “I will do my military duty”
Arsenal forward Park Chu-young broke his silence Wednesday and clarified the position on the controversial delaying of his mandatory military service at a press conference at the Korea Football Association in Seoul. He did not, however, give a specific time frame as to when he would complete his national service. “Since I started playing in […]
Samsung hopes China will help soften crisis
Samsung Electronics is preparing to make China the new center of its activities, hoping that a strengthened position in the world’s fastest-growing economy will provide a cushion to absorb business rockiness in shell-shocked nations in the West. To explore new business opportunities Choi Gee-sung, the former Samsung Electronics CEO who was recently promoted to overall […]
Korea prohibits trade of online game items
Korea has decided to ban trade for commercial game items from the second half of this year as a measure aimed at encouraging students to not waste time. The Ministry of Culture, Sports and Tourism has announced that it is planning to halt all virtual item trades with a new law, to be announced sometime […]
‘We can turn China into blessing’
China is a blessing to Korea rather than a curse, a China expert said Wednesday. “I think it is a blessing to have a country like this next to us,” said Seok Tong-youn, 58, secretary-general of the state-run Northeast Asian History Foundation (NAHF). “China is turning from being the world’s factory to becoming the world’s […]
‘Don’t blame FTA for Korean cars’ popularity in EU’
Korea’s auto trade group refuted Wednesday European carmakers’ allegation that the free trade agreement (FTA) between Korea and the European Union solely contributed to a sharp rise in Korean car sales in Europe. The Korea Automobile Manufacturers Association (KAMA) said the allegation is “misleading” on the positive effects of FTA and provides a “biased and […]
Moody’s downgrades Spain’s sovereign debt three notches
MADRID, June 13 (Xinhua) — International rating agency Moody’s downgraded on Wednesday the Spanish sovereign debt from A3 to Baa3 with a negative outlook. Moody’s explained that the bailout the Spanish government is intended to ask is one of the main reasons of this decision as the move will increase the debt of the country. […]
Angry Birds to build nest in China
BEIJING, June 13 (Xinhua) — Rovio Entertainment Ltd, the Finnish company behind the mega-hit game Angry Birds, with more than 1 billion downloads to date, has big plans for the Chinese market. In an exclusive interview with Xinhua, Rovio co-founder and chief marketing officer Peter Vesterbacka said the company hopes to incorporate traditional Chinese fairy […]
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